Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FSLY | Class A Common Stock | Conversion of derivative security | +292K | +117.2% | 541K | Jul 12, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FSLY | Class B Common Stock | Conversion of derivative security | $0 | -292K | -100% | $0.00* | 0 | Jul 12, 2021 | Class A Common Stock | 292K | Direct | F1 | |
transaction | FSLY | Employee Stock Option (Right to Buy) | Other | $0 | -43.7K | -100% | $0.00* | 0 | Jul 12, 2021 | Class B Common Stock | 43.7K | $7.50 | Direct | F2, F3 |
transaction | FSLY | Employee Stock Option (Right to Buy) | Other | $0 | +43.7K | $0.00 | 43.5K | Jul 12, 2021 | Class A Common Stock | 43.7K | $7.50 | Direct | F2, F3 |
Id | Content |
---|---|
F1 | On October 12, 2020, the Issuer's outstanding shares of Class B Common Stock represented less than 10% of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock. As a result, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation, as amended, on July 12, 2021. |
F2 | In connection with the automatic conversion described in footnote (1), outstanding Class B Common Stock options that were issued under the Issuer's 2011 Equity Incentive Plan remain unchanged, except that the underlying shares are now Class A Common Stock. |
F3 | 1/48th of the stock option vested and became exercisable on January 19, 2019, and thereafter vested as to 1/48th of the shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |